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Investing

30-Year TIPS Auction… 0.77% Yield (TIP, IPE)

Photo of Jon C. Ogg
By Jon C. Ogg Published
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The U.S. Treasury has released the auction results for its 30-year TIPs, its bonds which offer inflation-adjustments or at least adjustments based upon short-term rate swings.  The auction for the current 0.75% coupon went off at yield of 0.77%, with 32.12% at the high yield, and indirect bid were 40.6%, while direct bids were 13.6%.  The bid-to-cover was 2.46.

Today’s 30-year TIPS auction was finalized at $9 billion in accepted offers.  It is amazing that rates can remain this low for this long when you consider how inflation can rise and fall through time and considering how indebted the world’s established nations are.

The iShares Barclays TIPS Bond Fund (NYSE: TIP) is down 0.35% at $118.50 and the SPDR Barclays Capital TIPS ETF (NYSE: IPE) is down 0.22% at $58.91.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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